Newly Created Industry Group Initiative Aims to Address Bitcoin Scalability IssuesA team of Bitcoin engineers has announced the launch of the Bitcoin Operations Technology Group (Bitcoin Optech) addressing the problem of Bitcoin’s scalability, according to their statement published July 20.
Cloud-Mining Service Hashflare Terminates Bitcoin Mining ContractsCloud-mining company Hashflare has announced Friday, July 20, it has terminated all active bitcoin mining contracts because they are no longer profitable.
Russia: Income Tax for Miners and Cryptocurrency Owners Still in SightMiners and holders of Bitcoin and other cryptocurrencies in Russia will be regulated under existing provisions of the existing Tax Code with no separate taxation schemes included.
Coinbase Deny Need For SEC Approval to Acquire Broker-Dealer FirmsCoinbase on Tuesday rejected a report by Bloomberg that claimed the U.S. Securities and Exchange Commission (SEC) had given the company the go-ahead to finalize the acquisition of three companies: Keystone Capital Corp., Venovate Marketplace Inc., and Digital Wealth LLC.
Litecoin Founder Charlie Lee Clarifies His Position on Recent Acquisition of Stake in German BankLitecoin founder Charlie Lee provided some details about recent acquisition of Litecoin Foundation, stating he expects to receive a board position at the German WEG Bank AG, which will positively influence the further adoption of cryptocurrencies in the bank’s operations.
Crypto Market Capitalization Nears $300 bln as Bitcoin Price Soars Over $7500Bitcoin could be set for a comeback after climbing 10 percent over the last 24 hours to hit a high of $7,523 in the early hours on Wednesday. The compounded crypto market capitalization is nearing the $300 bln mark, last seen over a month ago, on June 12, 2018.
Coinbase Gets Regulatory Approval to List Coins Deemed SecuritiesLeading cryptocurrency exchange and wallet service provider Coinbase has received approval from the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) to list digital coins considered to be securities, Bloomberg reported Monday, July 16.
Alleged BTC-e Operator Alexander Vinnik to be Extradited to France, Greek Court RulesThe court in Greek city of Thessaloniki agreed on Friday to extradite a Russian cybercrime suspect and alleged BTC-e exchange operator Alexander Vinnik to France.